Japanese Companies Establish Partnership For Methanol &
Dimethyl Ether Production in Trinidad and Tobago

Tokyo, April 9, 2013; Two Japanese companies, Mitsubishi Gas Chemical
Company and Mitsubishi Corporation are in the final stages of an agreement with the Government of
Trinidad and Tobago and local partner, Neal & Massy Holdings Limited, to
start developing a project for the commercialization of natural gas based
petrochemicals. Phase 1 of the project under consideration will produce 1
million tons of methanol and 100 thousand tons of dimethyl ether per year.
The partners are aiming to reach a final investment decision during the
course of the current fiscal year, with commercial operations scheduled to
start in fiscal year 2016.

Methanol, made mainly from natural gas, is used as a raw material in the
manufacture of a wide range of products, including adhesives,
agrochemicals, paints and synthetic resins. Dimethyl ether, for its part,
has been receiving a lot of attention as a substitute for LPG and as a next
generation clean energy substitute for diesel fuel in automobiles and in
power generation. MGC and MC will sell the methanol produced to the global
market, while promoting dimethyl ether in Trinidad and Tobago and the wider
Caribbean as an alternative to diesel fuel in collaboration with the
Government of Trinidad and Tobago and Neal & Massy.

The global demand for methanol is currently 60 million tons per year,
and this demand is expected to see a 4-5% growth in the coming years. By
using natural gas produced in Trinidad and Tobago as the main source of raw
materials for producing methanol, a basic chemical, and dimethyl ether, a
liquefied gas, the project will be making a contribution to economic growth
in Trinidad and Tobago and the Caribbean region while at the same time
helping to satisfy the growing global demand for methanol. The partners
will continue to work closely with the Government of Trinidad and Tobago
and Neal & Massy towards the development of other downstream petrochemicals
in Trinidad and Tobago. \ About Mitsubishi Corporation

Mitsubishi Corporation (MC; TSE: 8058) is a global integrated business
enterprise that develops and operates businesses across virtually every
industry including industrial finance, energy, metals, machinery,
chemicals, foods, and environmental business. MC's current activities are
expanding far beyond its traditional trading operations as its diverse
business ranges from natural resources development to investment in retail
business, infrastructure, financial products and manufacturing of
industrial goods. With over 200 bases of operations in approximately 80
countries worldwide and a network of over 500 group companies, MC employs a
multinational workforce of nearly 60,000 people. For more information,
please visit www.mitsubishicorp.com.